Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. Last Friday, we went through theory versus practical reality of public infrastructure spending  – roads and railroads are needed. In this episode - Look back at an economic crash – in relation to infrastructure – I Know there are differences – but illustration of when too much of a good thing can go bad – especially when economic or development policies create a reliance to the economy on economic growth – especially when there is speculation involved What am I talking about? Crash of 1873 - What was it – To start – US coming out of their Civil War(1861-1865) – in an effort to deal with unemployment and economic fallout- infrastructure was proposed – The US has a long history of government job creation program – Job creation efforts were undertaken at the local level by cities or state by state – During the 1857, 1870s and the 1890s economic crisis and depressions going on New York, Boston, Phili – developed municipal programs to aid the poor or unemp